Nyobolt receives £50m funding boost for 'ultra-fast' battery vision

Battery innovator says its technology can reduce charging time for EVs from hours to minutes Cambridge-based battery tech firm Nyobolt has announced that it has raised £50m in funding, as it looks to ramp up production of its “ultra-fast” charging battery for electric vehicles (EVs) across the UK market. The company confirmed late last week … Read more

Government axes plug-in car grant, as industry warns shock move comes at ‘worst possible time’

The government has today scrapped its flagship plug-in car grant scheme in a surprise move, pledging to refocus electric vehicle (EV) incentives and funding towards taxis, vans, trucks, and motorcycles, as well as the expansion of the public chargepoint network. Announcing the shock move this morning, the Department for Transport (DfT) said the plug-in car … Read more

Electric vehicles continue to provide one bright spot for gloomy auto market

Electric vehicles (EVs) are continuing to buck worrying wider trends across the auto market, according to the latest monthly sales figures from the SMMT. The trade body confirmed this morning that new UK car registrations were 20 per cent lower year-on-year last month, marking the second weakest May for the new car market since 1992, … Read more

Could plug-in vehicles comprise almost a quarter of passenger vehicle sales by 2025?

Internal combustion engine sales now in ‘permanent decline’ worldwide, but aggressive policy action still needed to hit climate goals warns, BloombergNEF Plug-in electrified vehicles are on track to make up over the fifth of the new passenger vehicle market in 2025, with global sales expected to rise from 6.6 million in 2021 to 20.7 million … Read more

Number of electric vehicles on UK roads reaches almost 750,000, figures show

The number of electric vehicles on UK roads has reached almost three-quarters of a million after a 71 per cent rise in EV use last year, fresh figures today from the Society of Motor Manufacturers and Traders (SMMT) show. The data, captured on behalf of the trade body by Motorparc, shows there are now almost … Read more

‘Battery Corridor’: Britishvolt plots £200m cell R&D centre in West Midlands

Major new plans for a £200m “battery corridor” in the West Midlands focused on electric vehicle battery cell research and development have been unveiled today by rapidly growing firm Britishvolt alongside real estate operator Proglosis. Under a partnership between the two firms, they plan to build a new UK battery cell scale-up facility in the … Read more